Crypto

Good news: Companies that invest in or exchange cryptocurrency assets will soon be allowed to report them at fair value, rather than under the accounting rules for intangible assets. Here’s what you should know about the new crypto standard.

Today, it's estimated that roughly one in five Americans owns some type of cryptocurrency, such as Bitcoin or Ethereum. However, many digital asset owners and investors don't fully understand the federal tax implications. Here's important tax information for those who engage in cryptocurrency transactions, including the recordkeeping requirements